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The heavy rock band Rampage is about to start a 50-city tour.The band estimates that they will generate $200,000 in revenues from each concert.
1. The heavy rock band Rampage is about to start a 50-city tour. The band estimates that they will generate $200,000 in revenues from each concert. It is estimated that the variable costs per concert will be $145,000. The pre-production fixed costs before the tour begins are $1,210,000.
How many concerts does the band have to do to break even? Show your work.
2. You've opened a clothing store, and made a deal with a hat manufacturer to supply you with hats to sell along with your clothing. The first shipment of hats will cost you $5,000. When the hats are delivered, the supplier gives you an invoice that reads "5/15 n60" on the top.
How much of a discount is the supplier giving you, in dollars? How long do you have to pay the supplier to receive that discount? If you don't get the discount, how long do you have to pay back the $5,000?
3. Here are a new company's Revenues and Expenses for its first six months of operations:
Month 1: Revenues: $9,000 Expenses: $18,000
Month 2: Revenues: $12,000 Expenses: $18,000
Month 3: Revenues $21,000 Expenses: $18,000
Month 4: Revenues: $24,000 Expenses: $28,000
Month 5: Revenues: $29,000 Expenses: $28,000
Month 6: Revenues: $36,000 Expenses: $31,000
Please show the company's cash surplus or shortfall for each of the six months, as well as a running total.
What is the company's maximum working capital requirement? In other words, what is the amount that needs to be added to start-up costs to cover anticipated cash shortfalls? This should be the largest negative number in the running total.
4.You recently came into a large sum of cash. After putting a portion towards paying off existing debts, you have decided to put the rest into investments to help secure your personal financial future. Please discuss at least three options.
For each option, you should identify the option, explain how it works, and give your reason for selecting it.
5. Identify and explain the steps in the IPO (Initial Public Offering) process.
